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Nov 27, 2012
11/12
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KQEH
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economy would suffer big time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away at one of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicare and if you don't change the underlying incentives, you don't get long-term savings. >> reporter: progressives at the center for american progress say the
economy would suffer big time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away at...
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Nov 27, 2012
11/12
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KQEH
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economy between consumers on the one hand-- and they account for 70% of the economy-- but they're feeling fairly good about things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often t
economy between consumers on the one hand-- and they account for 70% of the economy-- but they're feeling fairly good about things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not...
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Nov 27, 2012
11/12
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KTVU
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americans are giving the economy a push with holiday spending. and yet, many are also choosing to save money for a rainy day. greg mcbride of bankrate.com joins us this morning via skype. good morning greg. > > thank you angie. great to be with you again. > what is your latest survey showing about savings in america? > > savings remains a very high priority among consumers. about one-in-five say that is their top financial priority right now. paying down debt also very popular. but, the most common response among consumers is that their top financial priority is either getting caught up or just staying current on the bills. and angie, that right there in a nutshell shows why this economy is stuck in first gear. > are they concerned about rising household expenses, for instance? > > absolutely. so many households are dealing with stagnant incomes, but yet, household expenses continue to creep higher, particularly in areas like health care, energy, and food, and it's just further squeezing their spending power. and again, that is why the economy is
americans are giving the economy a push with holiday spending. and yet, many are also choosing to save money for a rainy day. greg mcbride of bankrate.com joins us this morning via skype. good morning greg. > > thank you angie. great to be with you again. > what is your latest survey showing about savings in america? > > savings remains a very high priority among consumers. about one-in-five say that is their top financial priority right now. paying down debt also very popular....
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Nov 26, 2012
11/12
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CSPAN
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it is the engine of that global power is its economy. the global economy floats on a salt water. it is beginning to shift its focus to a much more maritime- flavored one. for canada as a maritime nation, it's in our interest to ensure -- to enable china as it emerges to become part of the globalized system and make a better as opposed to pushing it to a point of instability upon which would be very adverse to the flow of trade. 90% of world trade by volume floats. china is very much interested in canadian energy and national -- and natural resources. we're very much interested in building strategic trust and cooperation with china. from a naval perspective, i will give you an anecdote -- your referring to this attack two months ago. i attended the western naval symposia hosted by malaysia and had the opportunity to sit between the vice -- the deputy commander of the people's liberation army and navy and the commander of the ambassadors maritime self-defense force. a euphemism for the japanese navy. that was at a time when the island dispute was on cnn and bbc. i thought as i was
it is the engine of that global power is its economy. the global economy floats on a salt water. it is beginning to shift its focus to a much more maritime- flavored one. for canada as a maritime nation, it's in our interest to ensure -- to enable china as it emerges to become part of the globalized system and make a better as opposed to pushing it to a point of instability upon which would be very adverse to the flow of trade. 90% of world trade by volume floats. china is very much interested...
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Nov 26, 2012
11/12
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CNBC
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>> as far as economy goes, what could provide the greatest certainty for the economy right now would be for the house to take up the bill that the senate passed. extend those middle class tax cuts. >> mr. krueger, thank you for joining us. appreciate it very much. >> thank you for having me. >> alan krueger from the white house. in the latest score they're calling them physician ka cal cliff jumpers. senator patty murray of washington, congressman peter e defazio and peter welch saying it might make more sense to let the fiscal cliff come. >> sandra levin says this is no time to jump off the cliff. he joins us now from capitol hill. pleasure to have you here. >> thanks for joining us. >> why are your colleagues wrong about this? >> they're not saying jump off the cliff. i think everybody wants to avoid it. they're saying, let's not have a bad deal. no, we should avoid the cliff. everybody should listen to what alan krueger said. we need to take the steps. we need to extend middle class tax cuts that would be the major component of avoiding the impact of going over the cliff. we shoul
>> as far as economy goes, what could provide the greatest certainty for the economy right now would be for the house to take up the bill that the senate passed. extend those middle class tax cuts. >> mr. krueger, thank you for joining us. appreciate it very much. >> thank you for having me. >> alan krueger from the white house. in the latest score they're calling them physician ka cal cliff jumpers. senator patty murray of washington, congressman peter e defazio and...
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Nov 26, 2012
11/12
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CNBC
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we are here part of our road trip speaking about the economy, the fiscal cliff. now that the election is over, we're here with mark. we're going to give all your information later, but if i say your name and company, people are going to know where we are. we're not going to give that. you run a marketing company and a branding firm. how has your business gone now that the election is over and as we head toward the fiscal cliff? >> well, our business has been robust and continues to be robust. so far, it hasn't been impacted at all. we're actually looking forward to a pretty good 2013. >> are your clients saying, hey, mark, i want to give you more business, but i'm worried about this fiscal cliff thing. i'm worried about taxes, worried about the economy. are you hearing that at all? >> well, we haven't heard specifically from our clients. and we handle a lot of global brand brands. but i have heard it from other ceos in the region. they're tapping the brakes and not investing to the degree they would have. >> the big companies would hire you to do branding and mar
we are here part of our road trip speaking about the economy, the fiscal cliff. now that the election is over, we're here with mark. we're going to give all your information later, but if i say your name and company, people are going to know where we are. we're not going to give that. you run a marketing company and a branding firm. how has your business gone now that the election is over and as we head toward the fiscal cliff? >> well, our business has been robust and continues to be...